Rent allowance exemption for employees permits a prescribed monthly tax free allowance for employer granted payments meeting rent requirements. Insertion of a provision into section 10 creates a special allowance exemption for employees where an employer grants a specific allowance to meet rent actually paid for residential accommodation occupied by the assessee. The exemption is limited to the prescribed extent, subject to a ceiling not exceeding three hundred rupees per month, with the prescribed limit determined having regard to the area or place of the accommodation and other relevant considerations.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Rent allowance exemption for employees permits a prescribed monthly tax free allowance for employer granted payments meeting rent requirements.
Insertion of a provision into section 10 creates a special allowance exemption for employees where an employer grants a specific allowance to meet rent actually paid for residential accommodation occupied by the assessee. The exemption is limited to the prescribed extent, subject to a ceiling not exceeding three hundred rupees per month, with the prescribed limit determined having regard to the area or place of the accommodation and other relevant considerations.
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